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My Defi adventure 7: Breaking even in opportunity cost
By Rainbow Coin  •  October 27, 2021
Defi's never boring... adventures never end.
It has been exactly 5 months since I became "degen" and embarked on Defi. I onboarded Ethereum main-net with ETH, subsequently bridging them over to Polygon and other chains. As I bought the native chain token at its all time high (swapped from ETH) to engage in on-chain farming, and got farm-wrecked at some point in time too, my returns benchmarked against initial ETH capital has been sub-par. Post crash, new L1s and L2s seemed to have all the limelight. As more people onboarded and perhaps whales did their capital shifting, it became an altcoin season once again (you know it when even meme coins start pumping like crazy). With that, I am finally breaking even in terms of my opportunity cost (if I have held on to all my ETH bought in the period of May till date). Looking from a different perspective,...
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By Rainbow Coin
I began exploring the financial world in year 2010, hoping to get out of the rat race and be financially independent. 2010 was the aftermath period of the Lehman crisis when a pretty shaken up market was struggling to recover. On hindsight, that was the perfect time to catch multi-bagger stocks should I be a veteran or at least had some basic knowledge of picking up 'gems'. My learning curve was steep then, as I have absolutely no friends or relative who could shed some light on what's investing about.
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